The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-01-26
AFFAIRS OF THE RAILWAYS.
Personal and Local.

system, is to be in the city to-day on official
business.
A number Of engineers and conductors on the
j., NJ. & l. road have been fined SIS each for neg
lecting to sign the general orders issued for their
information.
F. 4. Peters, president Of the National Bank
Of Webster, Mass. has been elected director in |
the board of the Chicago Sc Eastern Illinois road,
vice j. Il. Knapp, resigned.
Under the present order Of things the long |
line is given the differental rate, while under |
the interstate commerce bill it will be the short
line which will be given the differentia rate
/. The Woodruff Sleeping-car Company yester- |
day put two new and elegant sleeping coaches
on the over the l., p & G. and the Detroit
& Eel River roads between Indianapolis and De-
troit
Passenger men, tasing their opinions on the
numerous inquiries as to rates, etc. to Kansas
points, predict that immigration to that state
the coming spring is to be the largest in the his
tory of Kansas.
The Chicago & Rock Island has laid the last
rail which completes its Nebraska line from Chi
-cago to Hebron 1876 miles west of the Missouri
river. Through Chicago trains, however, Will
not be put on before March l.
Norman Beckley, general manager of the Gin
cinnati, Wabash e. Michigan road, is to be in the
city to-day. and while here will take steps to
place their outside Office in some room where
patrons of the road can find it more readily.
If the interstate commerce law were sure 10
advance rates it is surprising that the wheat
market has not flattened with the passage of the
bill The fact is that three months from now
grain will be carried to the seaboard on the av-
eraee rate of six years past
Work on the extension of the 7. II. 81 l. road
from Hoosiervie to Saline, where connection is
made with Mackeys Evansville Indianapolis
line is being pushed vigorously When com
pleted from Brazil to Saline the branch will be
twelve aud onenalf miles loag.
A couple Of district passenger agents. head
quarters Indianapolis have made some fortunate
deals in Western lands where new towns are
springiEg UP. and either is now in shape
financially to purchase good home in this city
and have something OF a surplus, but they con-
template making further investments in Kansas.
Abel Eaton. who has been employed in the
Fitchourg railroad shops at Fitchburg for over
forty years, last week presented with
handsome present by his fellow workmen. Mr..
Eaton is now eghty-one years of age, and works
at his bench every day and does some of the
finest work done on the company's passenger
coaches.
H. B. Hammond, president of the l., d. e. s.
road. yesterday made a handsome personal con-
tribution to the funds of the Indianapolis Rail-
road Mems Christian Association. When this
association gets into its new quarters in the new
Union railway station it bids fair to become
much more useful institution and more thrifty.
BY the by, it is time Secretary Cobb was gath
ering up funds and contributions In the way of
books for the library.
The holders OF the securities of the old Lake
Erie 81 Western railroad have been notified that
their share of tho proceeds of the foreclosure
salewould be paid them by the Central Trust
Company, of New York The first mortgage
bonds received par and interest in full; the
Lake Erie e. Western, Sandusky division in
cones, 10 per cent of the principal, and the
Bloomington and Muncie division incomes, 20
per cent of the principal.
Paymaster Lincoln. on the Decline, paid yes
terday on the Indianapolis division for Deem
Der service, and one of the employees, knowing
that d. McKergian. one of the Oldest trainmen
on the road was needy, having been confined to
the house for some weeks by paralytic stroke
took upon himself to collect from the associate
employees whatever sum of money they chose to
contribute for his relief and at last accounts the
sum had reached $3.50 and was in fair way to
touch $780,
Superintendent Nelson, of the c.. Fl. 6 D.
system, spent yesterday in the city, taking
soupdngs. G. III. Marshall. general solicitor for
the O., Fl. & d. company, accompanied him.
In commenting the interstate-commerce bill
Mr. Marshall said that very capable men would
need be appointed commissioners. as each would
have some %, 900 miles Of railroad to look after,
and il took some of the brightest railroad
officials eighteen hours of the day to keep the
affairs of four or five hundred miles of road run
ming smoothly.
E. Zimmerman, vice-president of the c., H &
D., and president of thu Cincinnati, Hamilton &
Indianapolis Railroad Company, stated to j. NJ.
Ridenour that he had rendered his resignation
in both of the positions above noticed. 1t has
not as yet been accepted. Mr. Zimmerman says
that other interests demanded so much of his
attention that ne could not give the duties of the
positions he held on the O., Fl. s. D., the atten
tion they needed, and having good opportunity
to dispose of his stock he sold out and then ten
dered his resignation.
John M. Osborn commercial agent of the
Wabash, eastern division, headquarters at To
ledo was in the city Yesterday, comforting with NJ
Nh
commercial agent Of the western division of the
wabash, headquarters at St Louis. AS both
are firm believers in the maintenance of rates.
it Is to be hoped that in the future there will be
less ground for complaint of irregularity in rats
matters than there has been in the past Doubt
less, in making these appointments Judge
Cooley, receiver, had this matter in view.
President Stevens. of the Chicago & Eastern
illinois road, states that the company will pay
dividend of per cent on March l. the same t.
be declared Jan 20. This will make 81 per cent
for the fiscal year ending June 80, 1887. The
STATEMENT for the six months ended Dec. 81
1886, will show the 81 per cent. earned in tina
period, leaving the balance of the year to earn
surplus. The six months ended Dec. 81 are the
best. and the six months to follow will probably
show net of say 2 per cent on the stock. makins
a per cent earned for the year. The autumn
dividend will be paid in September and tn,
amount will depend on future earnings Tn,
policy OF the management is to pay whatever tn,
road earns, less moderate balance for surplu
account The payment may be 8, or Z pc
cent. The company has good terminal facilltie
in Chicago, entering by the Chicago & Western
Indiana road, of which it owns one fifth of tn
stock, and over which it has an entrance ieas
running 999 years.
In commenting on the extension of the c., l.
st. L. q G. from Columbus, Ind, to bingham
ILL.,. which was noticed ip the Journal of Thurs
day last the st. Louis Globe Democrat says
"While the completion of this new line will civ
the Big Four desirable Cincinnati and 81
Louis line 1t will in no wise affect the Vandalia
Cincinnati service run by way OF the B
Four tracks from indianapolis. Vandalia off
Gals are rather pleased with the prospect of TIL
important enterprise being carried ont, as it vii
also add to the desirabiity of the Cincin ma,